Occupy London takes over UBS abandoned building

by hstrykdiy

I thought this action was a beautiful way to reclaim an abandoned space – especially one owned by a financial giant. I felt this action bridged together the Occupy movement with ideas we have talked about in class – one that immediately comes to mind is Trade School. This action (if it’s allowed to continue) could potentially help to invalidate arguments against the movement (i.e, they aren’t being productive, they are “lazy”).

via Telegraph UK

The building they have taken over at Crown Place belongs to, but is not occupied by, UBS and no business transactions take place there.

The activists plan to set up a “bank of ideas” there tomorrow and open the disused offices and meeting rooms to “those who have lost their nurseries, community centres and youth clubs due to savage Government spending cuts”.

A programme of events has been drawn up, including talks from Palestinian activists and comedy by Josie Long, they said.

…Occupy London supporter Jack Holburn said: “While over 9,000 families were kicked out of their homes in the last three months for failing to keep up mortgage payments – mostly due to the recession caused by the banks – UBS and other financial giants are sitting on massive abandoned properties.

“As banks repossess families’ homes, empty bank property needs to be repossessed by the public.

“Yesterday we learned that the Government has failed to create public value out of banking failure. We can do better. We hope this is the first in a wave of ‘public repossessions’ of property belonging to the companies that crashed the global economy.”

…Activist Sarah Layler said: “The bank of ideas will host a full events programme where people will be able to trade in creativity rather than cash.

“We will also make space available for those that have lost their nurseries, community centres and youth clubs to savage Government spending cuts.”

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